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Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory syste Determine the cost assigned to ending inventory
Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory syste Determine the cost assigned to ending inventory using LIFO. Units Sold at Retail Date May 1 5 1e 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 330 units @ $18 310 units @ $20 230 units @ $28 190 units $21 180 units @ $29 Multiple Choice $5.908 $12,060 $7740 0 $9.90 O 55.510 o
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